Brokerage

Twenty years ago, a book titled “The Super Traders” set out to capture the “secrets and successes of Wall Street’s best and brightest” minds. Then, there were three national markets and 407.3 million shares traded a day. Here is the first in a series of the perspectives of those “best and brightest” minds on how trading has changed.

Dan Keegan, who has been dual-hatting as Co-Head of ESS and Head of North America Markets and Securities Services, to focus entirely on the NAM MSS role.

After years of falling membership, STANY president Patrick Armstrong believes the group's membership numbers have started to stabilize. At its peak, some two decades ago, STANY, the Security Traders Association's biggest chapter, had about 2,000 members. Recently, it dropped to about 700. Now, it's back up to 800, he says.

Clients will have access to three highly qualified and experienced Bay Street traders via the new desk.

Traders Magazine's sister publication Clearing Quarterly & Directory takes an indepth look at the clearing industry's future. Specifically, today's story examines what clearing and self-clearing brokers must do to survive and how firms can decide whether or not adapting is worth the effort.

Wipro cites challenges such as the current centralized model, the consolidated data feed, and the SEC’s response over the last few years.

Stock trades of fewer than 100 shares that have traditionally been excluded from U.S. share volume tallies are poised to be added to the count.

Cboe Global Markets is working to meet capital markets demand for more innovation and better solutions.

The government should strip U.S. stock exchanges of the legal status that protects them from most lawsuits, a trade group for brokers said.

The OEMS includes ‘comparable bond’ search tools, axe and inventory insights, and historical analysis of trade execution.